FedEx Corp. revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing shares to fall nearly 13% in trading Sept. 17. On Memphis-based FedEx’s fiscal 2020 first-quarter earnings call, company executives lowered their earnings per share (EPS) outlook by 20%, citing a slowdown in cargo shipments because of the ongoing trade spat between the US and China. “Our performance continues to be negatively impacted by a weakening ...

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